Eurostat News Release: November 2014 compared with October 2014 – Industrial producer prices down by 0.3% in euro area – Down by 0.4% in EU28, 09 Ιανουαρίου 2015.
In November 2014, compared with October 2014, industrial producer prices fell by 0.3% in the euro area (EA18) and by 0.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In October prices decreased by 0.3% in in the euro area and by 0.5% in the EU28.
In November 2014, compared with November 2013, industrial producer prices fell by 1.6% in the euro area and by 1.8% in the EU28
Monthly comparison by main industrial grouping and by Member State
The 0.3% decrease in industrial producer prices in total industry in the euro area in November 2014, compared with October 2014, is due to falls of 0.7% in the energy sector, of 0.3% for intermediate goods and of 0.1% for non-durable consumer goods, while prices remained stable for both capital goods and durable consumer goods. Prices in total industry excluding energy decreased by 0.2%.
In the EU28, the 0.4% decrease is due to falls of 1.2% in the energy sector, of 0.3% for intermediate goods and of 0.1% for non-durable consumer goods, while prices remained stable for both capital goods and durable consumer goods. Prices in total industry excluding energy fell by 0.1%.
Industrial producer prices fell in nearly all Member States, with the largest decreases observed in Greece and Cyprus (both -1.4%), Ireland (-1.3%), Estonia (-1.2%), Spain, Lithuania and the Netherlands (all -.1%). Industrial producer prices only increased in Slovakia (+0.3%), while prices remained stable in Germany.
Annual comparison by main industrial grouping and by Member State
The 1.6% decrease in industrial producer prices in total industry in the euro area in November 2014, compared with November 2013, is due to falls of 5.0% in the energy sector, of 0.8% for non-durable consumer goods and of 0.6% for intermediate goods, while prices rose by 0.6% for capital goods and by 1.1% for durable consumer goods. Prices in total industry excluding energy fell by 0.2%.
In the EU28, the 1.8% decrease is due to falls of 6.5% in the energy sector, of 0.9% for non-durable consumer goods and of 0.4% for intermediate goods, while prices rose by 0.7% for capital goods and by 0.9% for durable consumer goods. Prices in total industry excluding energy fell by 0.2%.
Industrial producer prices fell in nearly all Member States, with the largest decreases observed in Lithuania (-6.6%), the Netherlands (-4.5%), Denmark (-4.2%), Belgium (-3.9%) and the United Kingdom (-3.8%). The only increases were recorded in Romania (+0.5%) and Bulgaria (+0.3%).